Mr. Tan,
We have approached Glenn Knight to do statutory declaration and show him our complaint letter to Hong Leong and MAS. He was patient, listened and jotted down notes. Glenn told us that some victims from Maybank are also meeting up with him.
Glenn highlighted that for the class suit against HONG LEONG to be strong, we should gather more victims. This would be a good case to show that there was a certain pattern of behaviour by the bank to mislead the customers.
Those who have been mis-sold and heard similar things from their own RM during the sales pitch such as:-
1) This is a low-risk product.
2) The principal is protected.
3) Minibonds is a BONDS.
4) Lehman Brothers not mentioned.
5) bankruptcy of Lehman Brothers not mentioned.
If you are interested, you can book an appointment with him. To save precious time, do DO YOUR HOMEWORK! Those victims from Maybank can also contact him.
To prepare this declaration, you have to provide the answers to the following questions:
1. Your name, NRIC, address, telephone
2. How did you get involved in the investment?
3. Which financial institution, branch, amount invested, date
4. What happened when you purchased the investment?
5. Were you alone or accompanied by another person? Who?
6. What did the representative (who sold the investment to you) tell you about investment?
7. Did the representative tell you about any guarantee on your investment?
8. Did they make you sign any form regarding the investment? Did you understand the content of the form? Was it given to you before or after you agreed to make the investment? Did you read the form? Did you understand the content?
9. Did you rely on the advice of the representative in making the investment? Which were the important aspects of the advice?
10. Do you have any other statements to make regarding this matter?
The lawyer fees include the fee payable to the Commissioner of Oath.
Fee $120 plus GST
Bernard & Rada Law Corporation
50 Robinson Road #08-00
VTB Building
Singapore 068882
Call Mr. Glenn Knight or his secretary, Ms Ivy Goh (Tel: 68999888)
Julie
Dear Mr. Tan,
ReplyDeleteWith the latest MAS stand, it probably look like a class action legal case may be necessary?
What would be the recommendation of the Strategy Committee? Would it be better to combined the forces of all investors rather than by distributor or product type?
Yes i agree to combine force and not let them divide and conqure. There are some groups which are small in size, they will be in a disadvantage position if the case go to court.
ReplyDeleteDear Mr Tan,
ReplyDeleteI am NOT from Hong Leaong or Maybank.Quite disappointed with the reps from my bank. Can I join in this group? Tks
Mr Tan / Julie,
ReplyDeleteI have forwarded my letter to HLF. Is it a good idea to do a statutory declaration after the submission of letter?
Thanks